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Baldwin County/Gulf Shores/36542

36542

ZIPSAFMR
Baldwin County, AL
Zillow

ZIP Investment Score

61Below average

095130300
BRFMR
Eff. Rent
0 BR$1,280$1,410
1 BR$1,430$1,570
2 BR$1,560$1,720
3 BR$2,020$2,050
4 BR$2,550$2,560
5 BR$2,933Not available
6 BR$3,372Not available
7 BR$3,878Not available
8 BR$4,460Not available

Purchase Price Calculator

Maximum purchase price
$193,675

Cost breakdown

+Likely effective rent$1,720
HUD FMR$1,560
Market rent$1,930
Est. payment standard (110%)Used$1,720
-Principal and interest-$979
Loan amount$154,940
Down payment$38,735
Rate6.50%
Term30 years
-Operating costs-$541
Property taxes-$194
Insurance-$175
Utilities$0
HOA$0
Management-$172
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,643(71.4% ROI)
Projected value
$208,567
Return breakdown
Property appreciation+$14,892
Loan principal paid down+$5,551
Rental cash flow+$7,200
5-year hold
+$47,350(122.2% ROI)
Projected value
$219,125
Return breakdown
Property appreciation+$25,450
Loan principal paid down+$9,899
Rental cash flow+$12,000
10-year hold
+$101,833(262.9% ROI)
Projected value
$247,920
Return breakdown
Property appreciation+$54,245
Loan principal paid down+$23,588
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.76
1 BR
0.77
2 BR
0.81
3 BR
0.98
4 BR
1.00
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 36542 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 36542 (Gulf Shores, AL) is $1,560 a month. That is up 10.6% from $1,410 in FY 2026. Gulf Shores is in the Daphne-Fairhope-Foley, AL MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,434. Among 37 ZIP codes in Baldwin County, 36542 has the 7th-highest two-bedroom rent (county range $920–$1,680). The median county two-bedroom FMR in Alabama is $975, so ZIP 36542 is 60% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 36542
BedroomsFY 2027Change90–110% range
Studio$1,280+11.3%$1,152–$1,408
1BR$1,430+13.5%$1,287–$1,573
2BR$1,560+10.6%$1,404–$1,716
3BR$2,020+14.1%$1,818–$2,222
4BR$2,550+11.8%$2,295–$2,805

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 36542
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,280$1,430$1,560$2,020$2,550
FY 2026$1,150$1,260$1,410$1,770$2,280
FY 2025$1,000$1,070$1,280$1,590$2,030
FY 2024$1,100$1,100$1,420$1,740$2,200
FY 2023$970$980$1,270$1,620$2,080

Two-bedroom rent in nearby Baldwin County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 36542
36530$1,230−21.2%
36532$1,680+7.7%
36533$1,430−8.3%
36535$1,320−15.4%
36536$1,430−8.3%
36540$920−41.0%
36542Current$1,560—
36545$920−41.0%
36547$1,610+3.2%
36549$1,390−10.9%
36550$1,430−8.3%
36551$1,370−12.2%

Questions about ZIP 36542 rents

How much will Section 8 pay for a two-bedroom in ZIP 36542?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,434, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,291 to $1,577 a month; under the ZIP-level Small Area FMR of $1,560 it would be $1,404 to $1,716. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 36542 in?

ZIP 36542 is in the Daphne-Fairhope-Foley, AL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,434.

How much did fair market rent change in ZIP 36542 for FY 2027?

The two-bedroom FMR rose 10.6%, from $1,410 in FY 2026 to $1,560 in FY 2027. Since FY 2023 it has risen 22.8%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentGulf Shores, AL fair market rentAL statewide rentsWhat is SAFMR?Data sources